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lubasha [3.4K]
3 years ago
9

Hutter Corporation declared a $0.50 per share cash dividend on its common shares. The company has 31,000 shares authorized, 15,6

00 shares issued, and 12,400 shares of common stock outstanding. The journal entry to record the dividend declaration is:
Business
1 answer:
notsponge [240]3 years ago
7 0

Answer:

Dr Retained earnings  $6,200

Cr Dividends payable               $6,200

Explanation:

The shares entitled to dividends payment are those outstanding as at when dividends were declared,that is those shares in issue as at the date of dividend declaration,in essence only the outstanding shares of  12,400 are entitled to dividend payment of $0.50 per share.

The amount of dividend payment=$0.50*12,400=$6,200

The total dividends declared of $6,200 would be debited to retained earnings and credited to dividends payable until the payment date when the cash would be settled.

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You purchased 1,000 shares of the New Fund at a price of $39 per share at the beginning of the year. You paid a front-end load o
Agata [3.3K]

Answer:

2.97%

Explanation:

cost of shares = (NAV0 × shares) ÷ (1 - FL)

                         = ($39 × 1,000) ÷ (1 - 0.034)

                          = 40,372.67

NAV1 = NAVo (1 + investment return - expense ratio)

= $39 × (1 + 0.08 - 0.014)

= 41.574

value of shares = NAV1 × Shares

                          = 41.574 × 1,000

                           = 41,574

Return = (value of shares ÷ cost of shares) - 1

           = (41,574 ÷ 40,372.67) - 1

           = 2.97%

7 0
3 years ago
"Recent research on emotionality produced a mouse with a nonfunctional gene for normal fear behavior." This mouse exhibits behav
Alenkasestr [34]

THE BEHAVIORAL INDICATIONS THE MOUSE EXPRESSES IS A TYPICAL EXAMPLE OF A "KNOCK-OUT GENE" RESEARCH.

A knockout mouse, or knock-out mouse, is a genetically modified mouse (Mus musculus) in which researchers have inactivated, or "knocked out", an existing gene by replacing it or disrupting it with an artificial piece of DNA. They are important animal models for studying the role of genes which have been sequenced but whose functions have not been determined. By causing a specific gene to be inactive in the mouse, and observing any differences from normal behaviour or physiology, researchers can infer its probable function.

8 0
3 years ago
The threat of lawsuits has caused some drug companies not to manufacture certain types of vaccines. What type of risk management
Sergeeva-Olga [200]

Answer:

C) Avoiding the risk

type of risk management option is being practiced.

Explanation:

Risk management is the method of recognizing, evaluating, and managing threats to an organization's resources and incomes. These signals, or uncertainties, could originate from a wide category of causes, including financial contingency, legal responsibilities, strategic administration mistakes, disasters, and natural disasters.

7 0
3 years ago
Chin purchases five protein bars at a price of $3 each. The marginal benefit he receives from each bar is $5 for the first bar,
Juli2301 [7.4K]

Answer:

$5

Explanation:

7 0
3 years ago
The new bridge would require 14 piers to support it and it was known that each time a pier is sunk into the harbor it would take
Sergeu [11.5K]

Answer:

$21,000

Explanation:

The new bridge would take 30 man hours of labor at $50 per hour, in activity based costing, this means that ,

30*50 = 1500.

Now, it will require 14 piers to support it each time a pier is sunk into the harbor,hence the final calculation will be:

30*50*14 = 21000.

Hope this Helps.

Goodluck.

6 0
3 years ago
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